Bear Black Ops Mission: Codename "FB"
Creditcane™: Was it as good for you as it was for me?
Bearish short day. Midpoint below EMA(10). Still failing SMA(144). Tested and failed the 38.2% retrace (1296.82). New low on daily 3LB (reversal is 1330.66). QE2infinity.
Bearish engulfing day. Midpoint above EMA(10). Tested and failed the 0.0% retrace (81.50). Still above all SMA's. No daily 3LB changes (reversal is 80.61). Still above weekly 3LB mid.
Bullish long day. Midpoint above EMA(10). Still above all SMA's. Holding above its 38.2% minor retrace (21.62). New high on daily 3LB (reversal is 21.97).
Bullish long day. Midpoint below EMA(10). Failing its 61.8% retrace (1598.10). Failing all SMA's. Daily 3LB reversal up (reversal is 1536.60). Still below its monthly 3LB mid. Must have the precious.
Bullish long day. Midpoint below EMA(10). Still failing all SMA's. Tested and held its 0.0% retrace (1.2782). No daily 3LB changes (reversal is 1.2845).
Bearish harami day. Midpoint below EMA(10). Still failing all SMA's. Tested and failed its 50.0% retrace (38.24). No daily 3LB changes (reversal is 39.23).
Bearish short day (possible bullish harami). Still failing all SMA's. Midpoint below EMA(10). Failing its 0.0% retrace (17.76). No daily 3LB changes (reversal is 17.88).
Bearish long day. Still failing all SMA's. Midpoint below EMA(10). Still failing its 38.2% retrace (94.65). New low on dally 3LB (reversal is 94.36). Still below the monthly 3LB mid.
Bullish long day. Still failing all SMA's. Midpoint below EMA(10). Failing its 61.8% minor retrace (30.00). No daily 3LB changes (reversal is 28.89).
Bearish short day. Midpoint below EMA(10). Tested and failed SMA(144). Tested and failed its 50.0% retrace (43.76). New low on daily 3LB (reversal is 44.83).
Bullish harami day. Still failing all SMA's. Midpoint below EMA(10). Tested and failed its 50.0% minor retrace (0.7592). No daily 3LB changes (reversal is 0.7841).
Bearish short day (inverted hammer…probably not). Midpoint below EMA(10). Failing all SMA's. Failing its 38.2% retrace (3.660). New low on daily 3LB changes (reversal is 3.554).
Spinning top day. Tested and failed SMA(89). Midpoint below EMA(10). Still failing its 61.8% minor retrace (563.20). No daily 3LB changes (reversal is 558.22).
Bearish short day. Midpoint below EMA(10). Still failing all SMA's. Still failing its 38.2% minor retrace (15.38). New low on daily 3LB changes (reversal is 14.81).
IT HAS BEGUN. YOU HAVE BEEN WARNED.
6 comments:
I was very surprised to see the "IPO of a lifetime" force a bid from the syndicate twice.
CNBC was amusing earlier in the week. They shit all over Apple on the expectation that Facebook would be their new darling. Will they go back to cheerleading a cash machine like Apple, or make another attempt to pump Facebook?
Most markets looked a little wonky this week. The EMs are a bloodbath and Europe is trading like the end of the world (albeit, somewhat stable this week, all things considered).
Credit turned ugly after supply entered the market early in the week. The whole complex looks like shit. I think my coverage was confused as well. Some of the them were telling me that spreads are going to gape wide early next week (don't trade until then). Others told me some dinosaurs were buying hard today (strange, since I feel like liquidity was fucking terrible the last couple of days). I hope the Street remembers to send the pension managers cigarettes now that they have finished fucking them for a few days.
Matthew
IG definitely outperformed HY, EU problems continue to escalate and the most hyped IPO was a dud. I would be terrified holding any longs over this weekend.
http://www.zerohedge.com/news/what-jamie-dimon-really-said-cias-take
What Jamie Dimon Really Said: The CIA's Take
Dimon is probably using this info to fix his next appearance in public.
Weekly 3LB Update 5/18/12
Just finished watching the champions finale.....
Chelsea....drogba....unbelievable.
Geezus. Just watched the Preakness....what a finish there too.
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